Tesco PLC (TSCDY) – What Are Investment Firms Thinking About This Stock?

Shares of Tesco PLC (OTCMKTS:TSCDY) have been assigned an average recommendation of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several analysts have recently commented on TSCDY shares. Morgan Stanley restated an “overweight” rating on shares of Tesco in a research note on Monday, July 6th. Erste Group Bank lowered shares of Tesco from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 27th.

Tesco Price Performance

Shares of OTCMKTS TSCDY opened at $20.90 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The stock has a fifty day moving average price of $19.09 and a 200 day moving average price of $19.01. Tesco has a 1-year low of $16.65 and a 1-year high of $20.94.

About Tesco

Tesco plc is a British multinational grocery and general merchandise retailer headquartered in Welwyn Garden City, England. The company serves customers through supermarkets, superstores, convenience stores and online grocery channels, offering food, household products, clothing, health and beauty items, and other general merchandise. Tesco also operates fuel stations and provides selected financial and mobile services through associated businesses and partnerships.

Tesco’s operations are concentrated in the United Kingdom and the Republic of Ireland, with additional stores in the Czech Republic, Hungary and Slovakia.